Released on = August 20, 2007, 7:27 am

Press Release Author = Iris Conseil

Industry = Automotive

Press Release Summary = Advanced Manufacturing Investment Strategy Boosts Innovation
at Toyotetsu Canada



ONTARIO - The Ontario government is investing $7.15 million in a leading-edge
automotive parts assembly process with Toyotetsu Canada Inc., Minister of Economic
Development and Trade Sandra Pupatello has announced.



Press Release Body = ONTARIO - The Ontario government is investing $7.15 million in
a leading-edge automotive parts assembly process with Toyotetsu Canada Inc.,
Minister of Economic Development and Trade Sandra Pupatello has announced.

\"Our government is partnering with innovative companies like Toyotetsu to bring new
jobs and investment to communities like Simcoe and Norfolk County. It's a success
story we are working to repeat across Ontario,\" said Pupatello. \"It's vital that we
position Ontario as a leader in new ideas to remain competitive in the global
economy. Our investments in key industry sectors are solidifying Ontario's position
front and centre on the world stage.\"

Toyotetsu Canada's $71.5 million investment supports the construction of a 270,000
square foot assembly plant that uses advanced laser welding and robotics to stamp,
weld and assemble automotive parts for Toyota Motor Manufacturing facilities in
Woodstock and Cambridge.

\"This is a major win for our County,\" said Dennis Travale, Mayor of Norfolk County.
\"Not only is this investment securing 250 good jobs, it puts Norfolk on the map for
more innovative investments that create greater opportunities for our workers and
their families.\"

The Toyotetsu Canada investment is provided under round two of Ontario's Advanced
Manufacturing Investment Strategy (AMIS). The $500-million strategy provides
repayable loans interest free, for up to five years, to support investments in
technology and innovation. The innovative projects supported by this strategy will
generate $465 million in new investments and support the creation or retention of
more than 3,500 jobs.

\"We're proud to open our new assembly plant right here in Simcoe,\" said Matt Murai,
Chair, Toyotetsu North America. \"Norfolk County workers have the right skills and
will help us reach new heights in advanced manufacturing. This location is a perfect
fit for Toyotetsu.\"

AMIS is part of the government's overall strategy for jobs and prosperity that
includes investments in infrastructure, postsecondary education, stable energy
supply, research and innovation and key economic sectors.

This is just one more example of how, working together, Ontarians have achieved
results for the economy. Other job creation initiatives include:

A new $650-million Next Generation Jobs Fund that will leverage investments in green
technologies that help to reduce greenhouse gas emissions and improve environmental
sustainability

The Ontario Automotive Investment Strategy that has leveraged more than $7 billion
in new investments and anchored about 7,000 high-value jobs

Building east-west partnerships to help Ontario manufacturers tap into opportunities
flowing from Alberta\'s oil sands, which are expected to generate projects worth more
than $100 billion by 2020.



Web Site = http://www.iris-conseil.net

Contact Details = IRIS CONSEIL
Christine Arnal
Tél : 00 33 (1) 45 44 04 21
Fax: 00 33 (1) 45 44 18 14
E-mail: c.arnal@iris-conseil.net
& Site: http://www.iris-conseil.net